Replacing the Predatory Lien Sale
In January 2021, in response to advocacy the Abolish the NYC Tax Lien Sale Coalition, the NYC City Council passed legislation charting the course for ending New York City’s tax lien sale (Local Law 24 of 2021).
In January 2021, in response to advocacy the Abolish the NYC Tax Lien Sale Coalition, the NYC City Council passed legislation charting the course for ending New York City’s tax lien sale (Local Law 24 of 2021).
If the owner still could not pay back the lien, Segal said, they could “decide that they want to transfer the value of their land to the community land trust as a way of resolving the debt.”